Monday, December 18, 2017

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With Republican tax reform almost a sure thing, the nation is poised to experience the most sweeping and significant changes to the tax code since the late 1980s. But are those changes—including lower corporate and individual rates, reductions in some longstanding deductions, and almost certainly trillions of dollars in new national debt—good from a libertarian perspective.

Chris Edwards, director of tax policy at the CATO Institute, likes most of what he sees on the corporate side of reform. But when it comes to individual tax policy, he tells Reason's Nick Gillespie, "It's basically reassembling deck chairs on a really messy and horribly complex system."